Viking State Bank & Trust in Decorah, Iowa (IA)



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Viking State Bank & Trust routing number info

Table of contents:
Viking State Bank & Trust
GeneralFDIC Certificate #: 34135
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Waukon State Bank (#1857)
Federal Reserve ID: 2339964
Bank Holding Company (Regulatory Top Holder): Wfc, Inc. (RSSDID: 1142783, Location: Waukon, IA)
Date Established: Febuary 20, 1996
WWW: http://www.vikingstatebank.com
Trust Powers Granted: Yes
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 2 (Domestic: 2, Interstate: No)
FDIC's unique #: 56278
Numeric code: 13
Regulator: FED
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
Agricultural lending institution: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: Yes
Subchapter S Corporations: Yes
Asset Concentration Hierarchy: Agricultural Specialization
Date of Deposit Insurance: Febuary 20, 1996
Last Structure Change Effective Date: January 01, 2012
Last Structure Change Process Date: January 19, 2012
Last Data Update: January 19, 2012
Data Source Date: April 05, 2012
LocationAddress: 321 West Water Street, Decorah, IA 52101
County: Winneshiek
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Kansas City
FDIC Field Office: Cedar Rapids
Office of the Comptroller the Currency (OCC) District: Midwest
Office of Thrift Supervision Region: Western
Financial SummaryTotal assets: $110.0 mil
Equity capital: $12.3 mil
Deposits held in domestic offices: $96.8 mil
Return on assets (ROA): 2.27% ($2.5 mil)
Quarterly return on assets: 2.63% ($2.9 mil)
Return on Equity (ROE): 21.79% ($2.6 mil)
Quarterly return on equity: 24.12% ($2.9 mil)
Net income: $2.4 mil
Quarterly Net income: $0.7 mil
Pretax return on assets: 2.38% ($2,619.2 mil)
Quarterly Pretax return on assets: 2.73% ($3,004.3 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)
(Dollar figures in thousands)
Total employees (full-time equivalent)15
Total assets$110,049
Cash and due from depository institutions$12,635
Interest-bearing balances$0
Securities$11,756
Federal funds sold & reverse repurchase agreements$4,000
Net loans & leases$79,141
Loan loss allowance $1,361
Trading account assets$0
Bank premises and fixed assets$1,208
Other real estate owned$0
Goodwill and other intangibles$0
All other assets$1,309
Life insurance assets$110,049
Total liabilities and capital$97,770
Total liabilities$96,819
Total deposits$84,464
Interest-bearing deposits$96,819
Deposits held in domestic offices$87
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$750
Other borrowed funds $0
Subordinated debt $201
All other liabilities $12,279
Total equity capital$12,279
Total bank equity capital$12,279
Perpetual preferred stock$0
Common stock$200
Surplus$3,050
Undivided profits $9,029
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $460
Income earned, not collected on loans $620
Earning assets $0
Long-term assets (5+ years) $842
Average Assets, year-to-date $94,897
Average Assets, quarterly $14,267
Volatile liabilities $107,949
Insider loans $109,908
FHLB advances $86,617
Loans and leases held for sale $109,640
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $11,830
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $15,067
Derivatives$501
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $5,254
Total interest expense $1,090
Net interest income $4,164
Provision for loan and lease losses $30
Total noninterest income $407
Fiduciary activities $0
Service charges on deposit accounts $187
Trading account gains & fees $0
Additional noninterest income $220
Total noninterest expense $1,974
Salaries and employee benefits $1,056
Premises and equipment expense $185
Additional noninterest expense $733
Pre-tax net operating income $2,567
Securities gains (losses) $0
Applicable income taxes $118
Income before extraordinary items $2,449
Extraordinary gains - net $0
Net income attributable to bank $2,449
Net charge-offs $0
Cash dividends $2,449
Sale, conversion, retirement of capital stock, net -$76
Net operating income $1,163
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.55%
Cost of funding earning assets 1.15%
Net interest margin 4.40%
Noninterest income to earning assets 0.43%
Noninterest expense to earning assets 2.09%
Net operating income to assets 2.27%
Return on assets (ROA) 2.27%
Pretax return on assets 2.38%
Return on equity (ROE) 21.79%
Retained earnings to average equity (YTD only) 11.44%
Net charge-offs to loans -0.09%
Credit loss provision to net charge-offs -39.47%
Efficiency ratio0.00%
Assets per employee$43,185
Cash dividends to net income (YTD only)7.34%
Condition Ratios (%)
Loss allowance to loans 47.49%
Loss allowance to noncurrent loans 1.69%
Noncurrent assets plus other real estate owned to assets 219.52%
Noncurrent loans to loans 0.56%
Net loans and leases to deposits0.77%
Net loans and leases to core deposits 81.74%
Equity capital to assets 86.17%
Core capital (leverage) ratio 11.16%
Tier 1 risk-based capital ratio 10.79%
Total risk-based capital ratio 13.66%
Memoranda
Average assets$15
Average earning assets$107,949
Average equity $11,237
Average loans $94,665
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